Paintings by Mamata Banerjee sold over 2 crore rupees

Mamata Banerjee the supremo of All India Trinamool Congress AITC is now a well known painter too. Her paintings on exhibition were sold in less than a week for over 2 crore rupees. The painting that was sold for the highest amount is Banglar Maa. It is sold for 12 lakh rupees. As Mamata Banerjee said this exhibition is for raising fund for her party. After the overwhelming response from people she said that more of her paintings will come very soon for exhibition.

“The response has been overwhelming, people from all walks of life are showing interest,” said Gallery 88 owner Supriya Banerjee where the exhibition were held.
Banglar Maa (Mother of Bengal) the painting that was sold for 12 lakh rupees.
Mamata Banerjee started this painting when Sachin Tendulkar got out in cricket world cup final agains Sri Lanka, and finished this when MS Dhoni hit the final six and India won the World cup.
The paintings were highly appreciated by painters like Shuvaprasanna and Sameer Aich, dance exponent Amala Shankar and singer Dwijen Mukherjee.
The buyers of Mamata Banerjee’s painting include industrialist Harsh Neotia, Jay Mehta, co-owner of IPL franchisee Kolkata Knight Riders (KKR), and Jagmohan Dalmiya, the president of the Cricket Association of Bengal (CAB).
The exhibition was named 25 hours a day, and this name really tells so much about her. How she manages to do so much in day is surprising.
In my knowledge there is no such politician or social activist who is so much active like her. She already wrote about 10 books.
She sold 127 paintings in this exhibition and above all she is the person who alone is the biggest thread for CPIM.
sunset

Really? These are works of art? Had i,or any other, without a high govt position and publicity backing me up, painted such as these, would they have sold at such ridiculously high prices? Think well before answering, because i might just as well paint one such as these and expect you to buy it.

Paintings sold over for Rs.2 Crores!!!!!!! My goodness////
What will be the Income tax ? definitely 30% of the total Income!!!!!
So rs.6lacs gone!!!!!! Bad Luck!!!!!!
Remaining Rs.1.40 Crores will have o pay in election!!!!!!
Please let me know what is the rent of a helicopter per day?

Yes! you said it right. But as far I know paintings are intellectual properties, and taxation on selling intellectual properties is not the same as income tax.
Anyway Mamata Banerjee is using National Congress Party’s helicopter, so there must be some discount for her

As per my knowledge both(seller and buyer) have to pay tax and regarding the case of Helicopter, TMC have to paid the whole money, Not Cong(I).I think this cost will be huge, And what about advt cost in electronic and print media and FM?

Rabin BiswasApril 26, 2011

@Dhiraj
Before 1st April 2007 there was no tax for selling paintings even if it wasn’t made by you.
Why? Because it was not regarded as a capital asset. Though selling of personal asset was not taxable. But after 1st April 2007 investing on paintings and other such art work is as same as investing in capital asset.
If you bought any painting more than three years ago and now selling it with any capital gain, then the gains would be computed by indexing the cost inflation index and and would be taxable at at 20%.
If you sell it before three years then it would be taxable as your general income tax slab rates.
But till today making any paint is a personal property/asset and selling personal asset is not the same as selling capital asset.